Question

______________________ is considered a major element of the political environment:
a. The extent and nature of government intervention in business
b. planned outlay in public and private sectors
c. Expectations from the work force
d. Administrative order issued by government authorities.

Answer 1

The extent and nature of government intervention in business are considered a major element of the political environment.  

Answer: Option a.  

Explanation:

In a country, its political status and situation leave a direct impact on the economic condition of the country. The factors of the economic environment, in turn, impacts business performance, and business settings.

Factors namely, taxes, government funding, trade aids are aspects that impact the economy. When government spending is higher, the economy gets stimulated. Therefore, government intervention directly impacts the political situation.

Answer 2

Answer:

a the extent and nature of government intervention

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